Sold sign goes on mon­ster man­sion


Your hopes of liv­ing in the lap of lux­ury have di­min­ished slightly with the sale of a Waikato man­sion.

The home at 103 Te Awa Road, Tama­here, has been sold to an undis­closed buyer at an undis­closed price.

An es­ti­mated value of the prop­erty on is $3.8 mil­lion.

The Lodge Real Es­tate prop­erty list­ing by agents Gemma Lewell and Craig An­nadale pitched the house as 1309 square me­tres with five bed­rooms, five bath­rooms, five liv­ing ar­eas and a three-car garage.

Lewell said it was the most ex­pen­sive house she’d sold.

‘‘We had it on the mar­ket for 16 days and then had it un­der of­fer. It had been listed with an­other agency prior to this.

‘‘We did have a few in­quiries on it by both lo­cal and over­seas buy­ers,’’ Lewell said.

Other fea­tures of the house in­clude a heated pool, sauna, me­dia room, bar and a work­shop.

‘‘It cer­tainly was one of the largest homes in the Waikato. I be­lieve it was the largest in New Zealand when it was first built. It is 1309 square me­tres, so it re­ally is the epit­ome of lux­ury real es­tate and a unique of­fer­ing within the Waikato mar­ket.’’

An­nan­dale said the new own­ers asked to re­main anony­mous and that the price they paid for the prop­erty not be dis­closed.

Lewell be­lieves that the new own­ers do in­tend to live in it, but she wasn’t sure if they were from New Zealand or from over­seas.

‘‘It’s beau­ti­ful. It re­ally is a stun­ning home, very grand. Spread over three lev­els with amaz­ing views of the Waikato River, it has an in­door pool, a sauna, and a di­vine mas­ter suite as stand­out fea­tures. It had been ex­ten­sively re­fur­bished by the cur­rent own­ers.’’

The fact it sold so fast didn’t sur­prise her.

Lodge man­ag­ing di­rec­tor Jeremy O’Rourke doesn’t think that the new Labour-led govern­ment’s plan to stop for­eign spec­u­la­tors buy­ing New Zealand prop­er­ties, by clas­si­fy­ing all ex­ist­ing houses as ‘‘sen­si­tive’’ un­der the Over­seas In­vest­ment Act, will af­fect those in the Waikato.

‘‘Most of the peo­ple we do see buy­ing are buy­ing to use them­selves.’’


Lodge Real Es­tate sold the house within 16 days of list­ing it.

Newspapers in English

Newspapers from New Zealand

© PressReader. All rights reserved.